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Victory Cornerstone Moderate Fund

Filed by Victory Portfolios III. What this fund reported holding in its latest quarterly NPORT-P. Positions are ordered by share of the fund rather than by size, because that is what separates a conviction from a rounding error.

Positions
142
matched to a ticker
Fund size
$1.3B
the filing's own figure
Matched value
$747.4M
of the positions below
As of
2026-08-31
S000012905

What it holds

Largest share of the fund first.

Company% of fundValue
AGGiShares Core U.S. Aggregate Bond ETF3.88%$48.9M
IJRiShares Core S&P Small-Cap ETF3.29%$41.4M
VEAVanguard FTSE Developed Markets ETF2.87%$36.2M
IUSBiShares Core Total USD Bond Market ETF2.73%$34.4M
FNDFSchwab Fundamental International Equity ETF2.67%$33.7M
VTIVanguard Total Stock Market ETF2.55%$32.1M
BNDVanguard Total Bond Market ETF2.37%$29.9M
IVViShares Core S&P 500 ETF1.96%$24.7M
NVDANVIDIA Corp1.93%$24.3M
IWDiShares Russell 1000 Value ETF1.80%$22.7M
FNDESchwab Fundamental Emerging Markets Equity ETF1.77%$22.3M
AAPLApple Inc1.72%$21.7M
EUFNiShares MSCI Europe Financials ETF1.55%$19.6M
GOOGLAlphabet Inc1.38%$17.4M
VEUVanguard FTSE All World Ex US ETF1.33%$16.8M
VGKVanguard FTSEEuropean ETF1.13%$14.2M
IEMGiShares Core MSCI Emerging Markets ETF1.10%$13.9M
EWCiShares MSCI Canada Index Fund0.95%$11.9M
PXHInvesco FTSE RAFI Emerging Markets ETF0.93%$11.7M
VMBSVanguard Mortgage Backed Security0.81%$10.2M
BBCAJPMorgan BetaBuilders Canada ETF0.74%$9.4M
GLDSPDR Gold Shares0.70%$8.9M
IEFiShares 7-10 Year Treasury Bond ETF0.67%$8.4M
AVGOBroadcom Inc0.62%$7.9M
EWJiShares MSCI Japan Index Fund0.60%$7.6M
VNQVanguard Real Estate ETF0.56%$7.1M
MSFTMicrosoft Corp0.55%$6.9M
TLTiShares 20+ Year Treasury Bond ETF0.54%$6.9M
AMZNAmazon.com Inc0.47%$5.9M
MUMicron Technology Inc0.45%$5.6M
JPMJPMorgan Chase & Co0.42%$5.2M
PXFInvesco RAFI Developed Markets ex-U.S. ETF0.41%$5.2M
XLREReal Estate Select Sector SPDR Fund0.37%$4.7M
JNJJohnson & Johnson0.30%$3.8M
DBC0.28%$3.6M
FNDCSchwab Fundamental International Small Equity ETF0.28%$3.6M
STIPiShares 0-5 Year TIPS Bond ETF0.27%$3.4M
ADBEAdobe Inc0.26%$3.3M
ABBVAbbVie Inc0.26%$3.2M
FGTXXFinancial Square Government Fund FST Shares0.25%$3.2M
ALLAllstate Corp0.24%$3M
MRKMerck & Co Inc0.24%$3M
CSCOCisco Systems Inc0.23%$3M
GSGoldman Sachs Group Inc0.22%$2.8M
LRCXLam Research Corp0.22%$2.8M
AMPAmeriprise Financial Inc0.21%$2.6M
VZVerizon Communications Inc0.20%$2.5M
MPCMarathon Petroleum Corp0.20%$2.5M
CMCSAComcast Corp0.19%$2.4M
CATCaterpillar Inc0.19%$2.4M
NEMNewmont Corporation0.19%$2.4M
EOGEOG Resources Inc0.19%$2.3M
PNCPNC Financial Services Group Inc0.18%$2.3M
APHAmphenol Corp0.17%$2.1M
MOAltria Group Inc0.17%$2.1M
ANETArista Networks Inc0.17%$2.1M
KLACKLA Corp0.16%$2.1M
AMATApplied Materials Inc0.16%$2.1M
TGTTarget Corp0.16%$2.1M
SNDKSandisk Corp0.16%$2M
LMTLockheed Martin Corp0.16%$2M
PYPLPayPal Holdings Inc0.16%$2M
BMYBristol-Myers Squibb Co0.16%$2M
MCKMcKesson Corp0.16%$2M
SYFSynchrony Financial0.15%$1.9M
GEVGE Vernova Inc0.15%$1.9M
PGRProgressive Corp0.15%$1.9M
GMGeneral Motors Co0.15%$1.9M
CFCF Industries Holdings Inc0.15%$1.9M
TRVTravelers Companies Inc0.14%$1.8M
CVSCVS Health Corp0.14%$1.8M
CAHCardinal Health Inc0.14%$1.8M
SCHWCharles Schwab Corp0.14%$1.8M
CICigna Group0.13%$1.7M
CMICummins Inc0.13%$1.7M
QCOMQualcomm Inc0.13%$1.6M
DGDollar General Corp0.13%$1.6M
UNHUnitedHealth Group Inc0.13%$1.6M
THCTenet Healthcare Corp0.13%$1.6M
IBKRInteractive Brokers Group Inc0.13%$1.6M
DALDelta Air Lines Inc0.13%$1.6M
UALUnited Airlines Holdings Inc0.13%$1.6M
EMEEMCOR Group Inc0.13%$1.6M
NUENucor Corp0.13%$1.6M
FIXComfort Systems USA Inc0.12%$1.6M
EXPEExpedia Group Inc0.12%$1.6M
BACBank of America Corp0.12%$1.5M
JBLJabil Inc0.12%$1.5M
CORCencora Inc0.12%$1.5M
MNSTMonster Beverage Corp0.12%$1.5M
EIXEdison International0.11%$1.4M
FTNTFortinet Inc0.11%$1.4M
STLDSteel Dynamics Inc0.11%$1.4M
COKECoca-Cola Consolidated Inc0.11%$1.3M
GOOGAlphabet Inc0.11%$1.3M
RLRalph Lauren Corp0.11%$1.3M
CTSHCognizant Technology Solutions Corp0.10%$1.3M
LDOSLeidos Holdings Inc0.10%$1.3M
DBXDropbox Inc0.10%$1.3M
VRTVertiv Holdings Co0.10%$1.3M
BKNGBooking Holdings Inc0.10%$1.3M
WDCWestern Digital Corp0.10%$1.2M
TJXTJX Companies Inc0.10%$1.2M
UBERUber Technologies Inc0.10%$1.2M
PCGPG&E Corp0.09%$1.2M
TPRTapestry Inc0.09%$1.2M
VSTVistra Corp0.09%$1.2M
HALHalliburton Co0.09%$1.1M
SYYSysco Corp0.09%$1.1M
NRGNRG Energy Inc0.09%$1.1M
DELLDell Technologies Inc0.09%$1.1M
EXELExelixis Inc0.09%$1.1M
NTAPNetApp Inc0.09%$1.1M
ITWIllinois Tool Works Inc0.08%$1.1M
CINFCincinnati Financial Corp0.08%$1.1M
BWABorgwarner Inc0.08%$1.1M
USO0.08%$1.1M
VLOValero Energy Corp0.08%$1M
LVSLas Vegas Sands Corp0.08%$1M
PHParker-Hannifin Corp0.08%$1M
TXNTexas Instruments Inc0.07%$890.2K
GILDGilead Sciences, Inc0.07%$837.4K
PMPhilip Morris International Inc0.06%$797.9K
FDXFedEx Corp0.06%$787.4K
ULTAUlta Beauty Inc0.06%$755.7K
NYTNew York Times Co0.05%$643.2K
ROSTRoss Stores Inc0.04%$565.2K
ADPAutomatic Data Processing Inc0.04%$550.3K
AMGAffiliated Managers Group, Inc.0.04%$548.6K
METAMeta Platforms Inc0.04%$475K
ALSNAllison Transmission Holdings, Inc. Common Stock0.04%$463K
TOLToll Brothers Inc0.03%$419K
USBUS Bancorp0.03%$361.6K
UHSUniversal Health Services Inc0.03%$352.1K
FEFirstEnergy Corp0.03%$330K
USFDUS Foods Holding Corp0.03%$329.1K
KRKroger Co0.02%$241.8K
RSReliance Inc0.01%$184.7K
LOWLowe's Companies Inc0.01%$109.7K
GDDYGoDaddy Inc0.01%$84.2K
WRBW. R. Berkley Corp0.01%$80.2K
VOOVanguard S&P 500 ETF0.00%$704.9

Source: NPORT-P filings, via EDGAR. Positions arrive by CUSIP, and only a CUSIP verified against a ticker is kept — so this is what we could match, not everything the fund holds, and the matched value is therefore below the fund's own size. A balance is shares where the filing says `NS` and a principal amount where it says `PA`, which is why it is not labelled shares in both cases.

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